Click to login and read the full article.
Don’t have access? Click here to request a demo
Alternatively, Call a member of the team to discuss membership options
US and Overseas: +1 646-931-9045
UK: 0207 139 1600
Practical Applications Summary
Corporate bonds are an essential source of financing for companies, and an important asset class for long-term investors. The UK markets can be murky, however: There is an abundance of issues, volumes can be low, and most trading is carried out between dealers and their clients with little data reported to the public.
Matteo Aquilina and Felix Suntheim of the Economics Department of the UK Financial Conduct Authority have shed light on the UK market through their comprehensive study of individual trades between 2008 and 2014. They find that although dealer inventories have declined significantly, there is no evidence that liquidity has deteriorated in the market. “If anything, the market has become more liquid in the last few years,” they conclude.
- The content is made available for your general information and use and is not intended for trading or other specific investment advice purposes or to address your particular requirements. We do not represent or endorse the accuracy or reliability of any advice, opinion, statement, or other information provided any user of this publication. Reliance upon any opinion, advice, statement, or other information shall also be at your own risk. Independent advice should be obtained before making any such decision. Any arrangements made between you and any third party named in this publication are at your sole risk.
Don’t have access? Click here to request a demo
Alternatively, Call a member of the team to discuss membership options
US and Overseas: +1 646-931-9045
UK: 0207 139 1600
Log in using your username and password
In this issue
Jump to section
Similar Articles
Cited By...
- No citing articles found.